Description of Loan:

Funds required for the ground up development of 2 x four-bedroom bungalows, each with front and rear gardens, driveway and garage.

The Solution:

Finance provided to allow the construction of 2 bungalow which will be finished to a high standard.

Loan Amount:

Initial advance of £162,500

Additional:

Further advance of £285,000

LTV:

70%

LTVGDV:

58.9%

Interest Rate:

1.25%

Loan Term:

12 months

The Outcome:

Funds were provided to allow the experienced developers to continue the construction of 2 x 4 bedroom bungalows which will be finished to a very high standard.